Upcoming Dividend • Jun 19
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 26 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Canadian dividend payers (5.5%). Higher than average of industry peers (2.6%). Recent Insider Transactions • Jun 18
President & CEO recently sold CA$501k worth of stock On the 15th of June, Michael Walton sold around 72k shares on-market at roughly CA$6.91 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by CA$896k. Recent Insider Transactions Derivative • Jun 14
President & CEO exercised options to buy CA$544k worth of stock. On the 12th of June, Michael Walton exercised options to buy 78k shares at a strike price of around CA$4.68, costing a total of CA$367k. This transaction amounted to 39% of their direct individual holding at the time of the trade. Since December 2025, Michael has owned 202.75k shares directly. Company insiders have collectively bought CA$255k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • May 28
President & CEO recently sold CA$395k worth of stock On the 27th of May, Michael Walton sold around 58k shares on-market at roughly CA$6.82 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • May 25
President & CEO exercised options to buy CA$390k worth of stock. On the 21st of May, Michael Walton exercised options to buy 58k shares at a strike price of around CA$4.28, costing a total of CA$248k. This transaction amounted to 29% of their direct individual holding at the time of the trade. Since December 2025, Michael's direct individual holding has increased from 202.75k shares to 260.75k. Company insiders have collectively bought CA$283k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • May 14
Second quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 26th June 2026 Payment date: 15th July 2026 Dividend yield will be 5.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 5.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
Second quarter 2026 earnings released: EPS: CA$0.10 (vs CA$0.16 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.10 (down from CA$0.16 in 2Q 2025). Revenue: CA$280.6m (down 14% from 2Q 2025). Net income: CA$12.6m (down 38% from 2Q 2025). Profit margin: 4.5% (down from 6.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on July 15, 2026 Rogers Sugar Inc. announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on June 26, 2026, payable on July 15, 2026. This is an eligible dividend for income tax purposes. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Canadian dividend payers (5.6%). Higher than average of industry peers (2.5%). Declared Dividend • Feb 11
First quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 27th March 2026 Payment date: 15th April 2026 Dividend yield will be 5.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 06
First quarter 2026 earnings released: EPS: CA$0.22 (vs CA$0.12 in 1Q 2025) First quarter 2026 results: EPS: CA$0.22 (up from CA$0.12 in 1Q 2025). Revenue: CA$298.2m (down 7.7% from 1Q 2025). Net income: CA$28.5m (up 81% from 1Q 2025). Profit margin: 9.6% (up from 4.9% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on April 15, 2026 Rogers Sugar Inc. announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on March 27, 2026, payable on April 15, 2026. This is an eligible dividend for income tax purposes. Board Change • Dec 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Director Eric Morisset was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 17
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 24 December 2025. Payment date: 14 January 2026. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Within top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (2.5%). Declared Dividend • Dec 01
Fourth quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 24th December 2025 Payment date: 14th January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (141% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 8.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 28
Full year 2025 earnings released: EPS: CA$0.50 (vs CA$0.46 in FY 2024) Full year 2025 results: EPS: CA$0.50 (up from CA$0.46 in FY 2024). Revenue: CA$1.31b (up 6.6% from FY 2024). Net income: CA$64.5m (up 20% from FY 2024). Profit margin: 4.9% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Food industry in Canada are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on January 14, 2026 Rogers Sugar Inc. announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on December 26, 2025, payable on January 14, 2026. Announcement • Nov 19
Rogers Sugar Inc., Annual General Meeting, Feb 04, 2026 Rogers Sugar Inc., Annual General Meeting, Feb 04, 2026. Upcoming Dividend • Sep 19
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (2.8%). Declared Dividend • Aug 14
Third quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 26th September 2025 Payment date: 15th October 2025 Dividend yield will be 5.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Third quarter 2025 earnings released: EPS: CA$0.11 (vs CA$0.058 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.11 (up from CA$0.058 in 3Q 2024). Revenue: CA$313.8m (up 1.5% from 3Q 2024). Net income: CA$14.4m (up 96% from 3Q 2024). Profit margin: 4.6% (up from 2.4% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 13
Rogers Sugar Inc. to Report Q4, 2025 Results on Nov 27, 2025 Rogers Sugar Inc. announced that they will report Q4, 2025 results on Nov 27, 2025 Announcement • Aug 12
Rogers Sugar Inc. (RSI) Declares Quarterly Dividend, Payable on October 15, 2025 Rogers Sugar Inc. (RSI) announced that its board of directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on September 26, 2025, payable on October 15, 2025. This is an eligible dividend for income tax purposes. Announcement • Jul 23
Rogers Sugar Inc. to Report Q3, 2025 Results on Aug 12, 2025 Rogers Sugar Inc. announced that they will report Q3, 2025 results on Aug 12, 2025 Recent Insider Transactions Derivative • Jul 02
Vice President of Human Resources exercised options to buy CA$253k worth of stock. On the 27th of June, Jean-Francois Khalil exercised options to buy 45k shares at a strike price of around CA$4.68, costing a total of CA$210k. This transaction amounted to 159% of their direct individual holding at the time of the trade. Since December 2024, Jean-Francois has owned 28.19k shares directly. Company insiders have collectively bought CA$3.4m more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Shelley Potts was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 20
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 16 July 2025. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (3.2%). Declared Dividend • May 15
Second quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 27th June 2025 Payment date: 16th July 2025 Dividend yield will be 6.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
Second quarter 2025 earnings released: EPS: CA$0.16 (vs CA$0.13 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.16 (up from CA$0.13 in 2Q 2024). Revenue: CA$326.3m (up 8.4% from 2Q 2024). Net income: CA$20.5m (up 47% from 2Q 2024). Profit margin: 6.3% (up from 4.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.5% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 14
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on or Before July 16, 2025 On May 12, 2025, the Board of Directors of Rogers Sugar Inc. declared a quarterly dividend of $0.09 per share, payable on or before July 16, 2025. Announcement • Apr 23
Rogers Sugar Inc. to Report Q2, 2025 Results on May 13, 2025 Rogers Sugar Inc. announced that they will report Q2, 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 April 2025. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (3.5%). Recent Insider Transactions • Feb 20
Independent Chairman of the Board recently bought CA$2.4m worth of stock On the 14th of February, M. Dallas Ross bought around 445k shares on-market at roughly CA$5.43 per share. This transaction increased M. Dallas' direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. M. Dallas has been a buyer over the last 12 months, purchasing a net total of CA$2.5m worth in shares. Declared Dividend • Feb 09
First quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 28th March 2025 Payment date: 16th April 2025 Dividend yield will be 6.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 07
First quarter 2025 earnings released: EPS: CA$0.12 (vs CA$0.13 in 1Q 2024) First quarter 2025 results: EPS: CA$0.12. Revenue: CA$323.2m (up 12% from 1Q 2024). Net income: CA$15.8m (up 14% from 1Q 2024). Profit margin: 4.9% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.7% growth forecast for the Food industry in Canada. Announcement • Feb 06
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on April 16, 2025 Rogers Sugar Inc. announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on March 28, 2025, payable on April 16, 2025. This is an eligible dividend for income tax purposes. Upcoming Dividend • Dec 20
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 09 January 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (3.5%). Recent Insider Transactions Derivative • Dec 16
President & CEO exercised options to buy CA$610k worth of stock. On the 13th of December, Michael Walton exercised options to buy 100k shares at a strike price of around CA$4.28, costing a total of CA$428k. This transaction amounted to 83% of their direct individual holding at the time of the trade. Since December 2023, Michael's direct individual holding has increased from 101.61k shares to 220.91k. Company insiders have collectively bought CA$1.5m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 10
Vice President of Operations Services recently sold CA$321k worth of stock On the 5th of December, Patrick Dionne sold around 50k shares on-market at roughly CA$6.37 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Dec 06
Vice President of Operations Services exercised options to buy CA$315k worth of stock. On the 3rd of December, Patrick Dionne exercised options to buy 50k shares at a strike price of around CA$4.92, costing a total of CA$248k. This transaction amounted to 188% of their direct individual holding at the time of the trade. Since December 2023, Patrick has owned 26.75k shares directly. Company insiders have collectively bought CA$1.4m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Dec 02
Fourth quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 27th December 2024 Payment date: 9th January 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (336% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 28
Full year 2024 earnings released: EPS: CA$0.45 (vs CA$0.49 in FY 2023) Full year 2024 results: EPS: CA$0.45. Revenue: CA$1.23b (up 12% from FY 2023). Net income: CA$53.7m (up 3.7% from FY 2023). Profit margin: 4.4% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Canada. Announcement • Nov 28
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on January 9, 2025 Rogers Sugar Inc. (RSI) announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on December 27, 2024, payable on January 9, 2025. Announcement • Nov 12
Rogers Sugar Inc., Annual General Meeting, Feb 05, 2025 Rogers Sugar Inc., Annual General Meeting, Feb 05, 2025. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 10 October 2024. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (3.1%). Declared Dividend • Aug 14
Third quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 27th September 2024 Payment date: 1st January 1970 Dividend yield will be 6.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 5.7% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.4% EPS decline seen over the last 5 years. New Risk • Aug 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.8% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • Aug 11
Third quarter 2024 earnings released: EPS: CA$0.06 (vs CA$0.14 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.06 (down from CA$0.14 in 3Q 2023). Revenue: CA$309.1m (up 18% from 3Q 2023). Net income: CA$7.38m (down 48% from 3Q 2023). Profit margin: 2.4% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.7% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 09
Rogers Sugar Inc. Declares Quarterly Dividend to Shareholders, Payable on or Before October 10, 2024 On August 8, 2024, Rogers Sugar Inc. board of directors declared a quarterly dividend of $0.09 per share, payable on or before October 10, 2024. Declared Dividend • May 15
Second quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 28th June 2024 Payment date: 11th July 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (193% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • May 12
Rogers Sugar Inc. to Report Q3, 2024 Results on Aug 08, 2024 Rogers Sugar Inc. announced that they will report Q3, 2024 results on Aug 08, 2024 Reported Earnings • May 10
Second quarter 2024 earnings released: EPS: CA$0.13 (vs CA$0.11 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.13 (up from CA$0.11 in 2Q 2023). Revenue: CA$300.9m (up 10% from 2Q 2023). Net income: CA$13.9m (up 26% from 2Q 2023). Profit margin: 4.6% (up from 4.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 74% but the company is paying out more than the cash it is generating. Trailing yield: 6.7%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (3.2%). Announcement • Mar 05
Rogers Sugar Inc. announced that it has received CAD 60.400002 million in funding from Belkorp Industries Inc., Fonds de solidarité FTQ On March 4, 2024, Rogers Sugar Inc closed the transaction. The company has raised CAD 60,400,001.76 in the transaction New Risk • Mar 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Mar 05
Rogers Sugar Inc. has completed a Follow-on Equity Offering in the amount of CAD 57.54462 million. Rogers Sugar Inc. has completed a Follow-on Equity Offering in the amount of CAD 57.54462 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 11,109,000
Price\Range: CAD 5.18 Announcement • Feb 28
Rogers Sugar Inc. announced that it expects to receive CAD 60.000064 million in funding Rogers Sugar Inc. announced a private placement for issuance of 9,652,510 common shares at a price of CAD 5.18 for gross proceeds of CAD 50,000,001.80; and 2,007,722 common shares at a price of CAD 4.9808 for gross proceeds of CAD 10,000,061.73; for aggregate gross proceeds of CAD 60,000,063.53 on February 26, 2024. The transaction included participation from new investors Belkorp Industries Inc. for 9,652,510 shares and Fonds de solidarité FTQ for 2,007,722 shares. Should the over-allotment option be exercised, in whole or in part, by the underwriters and the investors will have the option to purchase additional common shares under the concurrent private placements in the same proportion of the common shares that are purchased by the underwriters pursuant to the over-allotment option. The shares will be subject to a statutory hold period of four months from the date of their issuance, in accordance with Canadian securities regulations and, as well as a contractual hold period of six months from the date of their issuance. The closing is subject to a number of conditions, including the concurrent closing of the public offering and the receipt of all regulatory approvals, including the approval of the TSX. Announcement • Feb 27
Rogers Sugar Inc. has filed a Follow-on Equity Offering. Rogers Sugar Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 9,660,000 Declared Dividend • Feb 11
First quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 27th March 2024 Payment date: 17th April 2024 Dividend yield will be 6.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 09
Rogers Sugar Inc. to Report Q2, 2024 Results on May 10, 2024 Rogers Sugar Inc. announced that they will report Q2, 2024 results on May 10, 2024 Reported Earnings • Feb 09
First quarter 2024 earnings released: EPS: CA$0.13 (vs CA$0.14 in 1Q 2023) First quarter 2024 results: EPS: CA$0.13 (down from CA$0.14 in 1Q 2023). Revenue: CA$288.7m (up 10% from 1Q 2023). Net income: CA$13.9m (down 5.6% from 1Q 2023). Profit margin: 4.8% (down from 5.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Feb 08
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on April 17, 2024 Rogers Sugar Inc. announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on March 29, 2024, payable on April 17, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.09 per share at 6.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 February 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 6.8%. Within top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (3.0%). Reported Earnings • Dec 02
Full year 2023 earnings released: EPS: CA$0.50 (vs CA$0.16 loss in FY 2022) Full year 2023 results: EPS: CA$0.50 (up from CA$0.16 loss in FY 2022). Revenue: CA$1.10b (up 9.8% from FY 2022). Net income: CA$51.8m (up CA$68.4m from FY 2022). Profit margin: 4.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Dec 01
Rogers Sugar Inc. to Report Q1, 2024 Results on Feb 08, 2024 Rogers Sugar Inc. announced that they will report Q1, 2024 results on Feb 08, 2024 Announcement • Nov 30
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on February 1, 2024 Rogers Sugar Inc. (RSI) announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on December 30, 2023, payable on February 1, 2024. Announcement • Nov 11
Rogers Sugar Inc., Annual General Meeting, Feb 07, 2024 Rogers Sugar Inc., Annual General Meeting, Feb 07, 2024. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.09 per share at 6.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 October 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (2.8%). Announcement • Aug 17
Rogers Sugar Inc. Declares Quarterly Dividend, Payable on October 12, 2023 Rogers Sugar Inc. (RSI) announced that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to Shareholders of record on September 30, 2023, payable on October 12, 2023. Reported Earnings • Aug 15
Third quarter 2023 earnings released: EPS: CA$0.13 (vs CA$0.03 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.13 (up from CA$0.03 in 3Q 2022). Revenue: CA$262.3m (up 3.0% from 3Q 2022). Net income: CA$14.2m (up 352% from 3Q 2022). Profit margin: 5.4% (up from 1.2% in 3Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Aug 15
Rogers Sugar Inc. to Report Q4, 2023 Results on Nov 30, 2023 Rogers Sugar Inc. announced that they will report Q4, 2023 results on Nov 30, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.09 per share at 6.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 13 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 6.1%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (2.8%). Recent Insider Transactions • May 22
Independent Director recently sold CA$60k worth of stock On the 18th of May, Gary Collins sold around 10k shares on-market at roughly CA$6.02 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$363k. Insiders have been net sellers, collectively disposing of CA$1.8m more than they bought in the last 12 months. Announcement • May 12
Rogers Sugar Inc. Reaffirms Sales Volume Guidance for the Year 2023 Rogers Sugar Inc. reaffirmed sales volume guidance for the year 2023. The company is maintaining its fiscal 2023 sales volume expectations of approximately 805,000 metric tonnes. This represents an increase of 1.3% over 2022. This increase is based on the continued strong demand of the Canadian domestic industrial sugar market. Reported Earnings • May 11
Second quarter 2023 earnings released: EPS: CA$0.11 (vs CA$0.083 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.11 (up from CA$0.083 in 2Q 2022). Revenue: CA$272.9m (up 7.7% from 2Q 2022). Net income: CA$11.1m (up 29% from 2Q 2022). Profit margin: 4.1% (up from 3.4% in 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.09 per share at 6.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 April 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 6.0%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (2.6%). Recent Insider Transactions • Mar 20
President & CEO recently sold CA$363k worth of stock On the 14th of March, Michael Walton sold around 60k shares on-market at roughly CA$6.05 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Feb 10
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$261.4m (up 13% from 1Q 2022). Net income: CA$14.7m (down 15% from 1Q 2022). Profit margin: 5.6% (down from 7.5% in 1Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Dec 27
President & CEO exercised options to buy CA$208k worth of stock. On the 22nd of December, Michael Walton exercised options to buy 36k shares at a strike price of around CA$4.28, costing a total of CA$154k. This transaction amounted to 56% of their direct individual holding at the time of the trade. Since December 2021, Michael's direct individual holding has increased from 61.64k shares to 64.64k. Company insiders have collectively sold CA$830k more than they bought, via options and on-market transactions in the last 12 months. 
